361 Washington St
Cambridge, MA 02139
- 18 beds
- 6 baths
- 6,378 sqft
- 5,129 sqft lot
- $611 per sqft
- 1900 build
- – on site
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The Property located at 361 Washington Street is a turn-key six-unit multi-family investment property located in Central Square in Cambridge. The three-story building contains six (6) 3-Bedroom/1-Bathroom residential units with 6,378 square feet of living area in 9,220 square feet of gross area on a 0.12-acre parcel. The property is situated in an excellent urban-infill location, only steps to Central Square Station (Red Line). All units have been leased for the 22-23 rental cycle (5 of 6 units expire 8/31/23). The Property has great curb appeal with a well-maintained exterior and grounds and offers on-site laundry, tandem parking, separate heat/hot water and electric for all units as well as covered porches in the buildings rear and hardwood floors throughout. With over $265,000 of Gross Income and a 5.33% CAP RATE, 361 Washington offers investors to acquire a turn-key 6-unit in one of the strongest real estate markets in the country with the opportunity to increase revenue.
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Last updated Aug 30, 2023
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MLS# 73014689 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/24/22
Oct 24, 2022
|
Sold | MLSPIN | $3,900,000 | -7.1% |
|
8/11/22
Aug 11, 2022
|
Pending | MLSPIN | $4,200,000 | |
|
7/20/22
Jul 20, 2022
|
Listed / Active | MLSPIN | $4,200,000 | 110.0% (10.3% / YR) |